Kimball Electronics (NASDAQ:KE) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Kimball Electronics, Inc. (NASDAQ:KE) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $25.57 and traded as high as $26.84. Kimball Electronics shares last traded at $25.95, with a volume of 148,908 shares changing hands.

Analyst Ratings Changes

A number of analysts recently issued reports on the stock. Zacks Research lowered shares of Kimball Electronics from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 7th. Wall Street Zen lowered Kimball Electronics from a “strong-buy” rating to a “buy” rating in a research note on Monday, February 23rd. Finally, Weiss Ratings raised Kimball Electronics from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Kimball Electronics has an average rating of “Hold” and a consensus target price of $32.00.

Kimball Electronics Stock Performance

The firm has a market cap of $624.10 million, a PE ratio of 24.95, a P/E/G ratio of 0.93 and a beta of 1.22. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.11 and a quick ratio of 1.29. The stock has a 50-day moving average price of $25.57 and a 200 day moving average price of $26.80.

Kimball Electronics (NASDAQ:KE) last released its earnings results on Tuesday, May 5th. The electronics maker reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.34 by ($0.01). Kimball Electronics had a net margin of 1.81% and a return on equity of 6.22%. The company had revenue of $352.92 million during the quarter, compared to analysts’ expectations of $356.27 million. Research analysts forecast that Kimball Electronics, Inc. will post 1.44 earnings per share for the current year.

Institutional Investors Weigh In On Kimball Electronics

Institutional investors have recently bought and sold shares of the stock. Quarry LP purchased a new stake in Kimball Electronics in the third quarter valued at approximately $28,000. Raymond James Financial Inc. purchased a new stake in Kimball Electronics in the second quarter valued at approximately $34,000. Farther Finance Advisors LLC purchased a new stake in Kimball Electronics in the fourth quarter valued at approximately $35,000. CWM LLC increased its stake in Kimball Electronics by 135.2% during the fourth quarter. CWM LLC now owns 1,244 shares of the electronics maker’s stock worth $35,000 after acquiring an additional 715 shares during the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Kimball Electronics in the 4th quarter worth about $38,000. 75.99% of the stock is currently owned by hedge funds and other institutional investors.

About Kimball Electronics

Kimball Electronics, Inc is a global electronic manufacturing services (EMS) provider headquartered in Jasper, Tennessee. The company offers end-to-end product design and manufacturing solutions, serving original equipment manufacturers (OEMs) across a range of industries. With a focus on precision electronics and complex assemblies, Kimball Electronics leverages advanced engineering capabilities, quality systems and lean production methods to support customers from product concept through full-scale production.

The company’s core offerings include printed circuit board assembly (PCBA), system integration, tooling and test fixture development, and aftermarket services.